ZEAL Network SE acquires further shares in Lotto24 AG and announces intention to request the squeeze-out of the minority shareholders of Lotto24 AG
March 20, 2024 at 06:08 am
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EQS-Ad-hoc: ZEAL Network SE / Key word(s): Letter of Intent/Squeeze Out
ZEAL Network SE acquires further shares in Lotto24 AG and announces intention to request the squeeze-out of the minority shareholders of Lotto24 AG
20-March-2024 / 07:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
ZEAL Network SE acquires further shares in Lotto24 AG and announces intention to request the squeeze-out of the minority shareholders of Lotto24 AG
ZEAL Network SE has secured more than 95% of the shares in Lotto24 AG and plans to initiate a squeeze-out of the minority shareholders of Lotto24 AG pursuant to sections 327a et seqq. of the German Stock Corporation Act.
ZEAL Network SE currently holds approx. 94.86% of the shares in Lotto24 AG. In addition, ZEAL Network SE today entered into share purchase agreements regarding the acquisition of in total approx. 0.59% of the shares in Lotto24 AG. After the settlement of the share purchase agreements, ZEAL Network SE will thus hold approx. 95.45% of the shares and the share capital of Lotto24 AG. The settlement of the share purchase agreements is expected to take place within the next days.
After having reached the stake of 95% of the share capital of Lotto24 AG, ZEAL Network SE will request pursuant to section 327a para. 1 sentence 1 of the German Stock Corporation Act that Lotto24 AG’s shareholder meeting resolves to transfer the shares of the minority shareholders of Lotto24 AG to ZEAL Network SE as the majority shareholder against payment of an appropriate cash compensation. The amount of the cash compensation will be determined at a later date.
ZEAL Network SE
The Management Board
Contact:
Frank Hoffmann, CEFA
Senior Investor Relations
ZEAL
Straßenbahnring 11
20251 Hamburg
T +49 (0) 40 809036042
frank.hoffmann@zealnetwork.de
End of Inside Information
20-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
ZEAL Network SE
Straßenbahnring 11
20251 Hamburg
Germany
Phone:
+49 (0)40 8090360-42
Fax:
+49 (0)40 822239-77
E-mail:
frank.hoffmann@zealnetwork.de
Internet:
www.zealnetwork.de
ISIN:
DE000ZEAL241
WKN:
ZEAL24
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
ZEAL Network SE is a Germany-based provider of state lottery products on the Internet. The Company operates mainly under the brands Lotto24.de and Tipp24.com. The Companyâs offer includes Lotto 6aus49, Spiel 77, Super 6, EuroJackpot, GlucksSpirale, syndicates, Keno and the German TV Lottery. ZEAL Network SE operates both domestically and abroad.